U.S. Stocks Advance on Republican Victory, ADP Employment Report

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U.S. stocks rose, sending benchmark indexes to records, as Republicans won their first Senate majority in eight years and data showed companies added more workers in October.

The Standard & Poors 500 Index climbed 0.6 percent to 2,023.44 at 4 p.m. in New York, a record closing level. The Dow Jones Industrial Average added 100.69 points, or 0.6 percent, to 17,484.53.

Republicans retained control of the House and won enough seats to reclaim a Senate majority held by Democrats since 2006. They will control both for the remainder of President Barack Obamas term.

Source : Bloomberg